Pursuing the “Channel to Discovery” Plan
Outline of the “Channel to Discovery” Plan
Business Portfolio Strategy We have realigned our business into three global groups according to our customers' needs. These groups are the Global Corporate Group, the Global Retail Group and the Global Asset & Wealth Management Group. We provide the most suitable products, services and solutions to our customers by maximizing the advantages of each group.
Management Structure of Mizuho The Global Corporate Group Mizuho Financial Group, Inc. (MHFG) The Global Corporate Group provides highly specialized and cutting-edge products and Global Global Global Group services by leveraging our comprehensive Asset & Wealth Corporate Retail Strategy financial capability, with close cooperation Management Group Group Affiliates between the global corporate banking sector Group and the wholesale securities sector in response to the needs of large, global corporations. Mizuho Private Wealth Management Co., Ltd.(MHPW) Mizuho Financial Strategy Co., Ltd. (MHFS) Mizuho Research Institute Ltd. (MHRI) Mizuho Information & Research Institute, Inc. Mizuho Corporate Bank, Ltd. (MHCB) Mizuho Bank, Ltd. (MHBK) Mizuho Trust & Banking Co., Ltd. (MHTB)
The Global Retail Group The Global Retail Group provides top-level products and services on a global scale, with close cooperation with leading domestic and international companies in response to the diversified and globalized needs of individuals as well as small and medium-sized enterprises
(MHIR) and middle-market corporations in Japan. Trust & Custody Services Bank, Ltd. (TCSB) Asset management companies ( Mizuho Investors Securities Co., Ltd. (MHIS) Mizuho Securities Co., Ltd. (MHSC) The Global Asset & Wealth Management Group The Global Asset & Wealth Management Group provides top-level products and ser- vices on a global scale in response to the diversified and advanced customers' needs in
DKA, FIMCO, DIAM the business areas of trust and custody, and private banking. )
Shinko Mizuho Capital Co., Ltd. Securities UC Card Co., Ltd. Group Strategy Affiliates Co., Ltd. MHFS: An advisory company pertaining to management control and corporate revitalization for financial institutions. MHRI: A think tank. MHIR: An IT-related company.
12 Management focus has moved into a phase that will seek to gain the support of customers. Hence, in April 2005, Mizuho launched its business strategy, the “Channel to Discovery” Plan. As action plans under this strategy, we developed the “Business Portfolio Strategy” as well as the “Corporate Management Strategy.”
Corporate Management Strategy We developed the following strategies to realize corporate management befitting a world-leading financial group. • MHFG is preparing for listing on the New York Stock Exchange (NYSE) as early as is feasible in order to further improve the transparency of its corporate governance and increase its investors' trust. • We promote corporate social responsibility (CSR) activities by positioning CSR as one of the main pillars of our group business strategy for the creation of new corporate value and the achievement of sustainable growth. • We are enhancing our branding strategy to establish the Mizuho brand in order to win solid social trust.
Promoting a New Medium-Term Business Plan
We will improve the level of gross profits by Overview of the Medium-Term Business Plan (Billions of yen) drastically devoting management resources to new Resolution of financial issues Fiscal 2007 (Plan) Fiscal 2005 supported by customers Consolidated Net Business Consolidated Net Business
strategic measures in response to customers' Establish a stable Net Income Profits Net Income Profits earning base earning needs. We will also continue with intensive MHFG 650.0 2 1,180.0 649.9 2 889.2 rationalization of existing businesses. Global Corporate Group 1 290.0 2 460.0 1 572.7 2 435.1
The above description of our mid-term business plan contains Global Retail Group 1 290.0 2 630.0 1 157.5 2 365.7 statements that constitute forward-looking statements within the Global Asset & Wealth 1 40.0 2 90.0 1 41.2 2 88.3 meaning of the United States Private Securities Litigation Reform Management Group Act of 1995. Such forward-looking statements do not represent any guarantee by management of future performance and are 1 Aggregated figures of core banking subsidiary and securities subsidiary (non-consolidated). subject to risks, uncertainties and assumptions, including those 2 Figures of core banking subsidiary (non-consolidated). enumerated under “Forward-Looking Statements” on page 1. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, our actual results may vary materially from those we currently anticipate. We do not intend to update our forward-looking statements, whether as a result of new information, future events or otherwise.